Small Cap Feast

Small Cap Feast – 09 September 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 880

Total number of AIM Companies trading: 795*
* As at 09 September 2019

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 88*

Total number of NEX Growth Market Companies trading: 86*
* As at 09 September 2019

Set Menu Standard List:

Total number of Standard List Companies (Incl Susp): 166*

Total number of Standard List Companies trading: 144*
* As at 09 September 2019

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

What’s Cooking in the IPO Kitchen?

AIM

AMRYT PHARMA PLC— a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or orphan diseases have raised $60m before expenses and will relist on the AIM Market on the 25/09/2019

NEX

WORLD HIGH LIFE—The Investment Vehicle is to identify investment opportunities and acquisitions in legal Medicinal Cannabis, Hemp and CBD wellness sectors. The Company has raised £2,398,309 through three issues of Ordinary Shares to private subscribers.

Breakfast Buffet

Oncimmune Hldngs (ONC) 92p £57.56m

Oncimmune Holdings plc, a leading global immunodiagnostics group, welcomes the presentation of data today by Professor Frank Sullivan (Chief Investigator on the ECLS trial) which has demonstrated the potential of Oncimmune’s EarlyCDT Lung test to reduce the incidence of patients with late-stage lung cancer at diagnosis, compared with standard clinical diagnosis.

The trial demonstrates potential of blood test which harnesses the power of the immune system to reduce late detection of lung cancer

Positive results for Early detection of Cancer of the Lung Scotland (“ECLS”) trial presented at the World Conference for Lung Cancer in Barcelona

The ECLS trial, conducted in Scotland with 12,209 patients, is believed to be the largest randomised controlled trial using blood biomarkers for the detection of lung cancer

Further validates the use of Oncimmune’s platform technology as a screening modality, which can detect cancer four years or more before standard clinical diagnosis.

Pennant Int. Group (PEN) 63.5p £23m

Pennant International Group plc the AIM quoted supplier of integrated training and support solutions, products and services which train and assist operators and maintainers in the defence and regulated civilian sectors, announced that on 3 September 2019, at an event at Cranfield University, aviation and aerospace industry leaders and educators came together as a unified body to support the launch of a new Charter for Aviation Skills.

The purpose of this new Charter is to create commitment and responsibility amongst key stakeholders to address the widely-recognised shortage of skilled people within UK aviation industry and to formulate a tangible, and achievable action plan to deliver more trained pilots, aircraft technicians, air traffic controllers and groundcrew.

Organisations attending the Charter event comprised major OEMs, operators and educational institutions and included Airbus, Boeing, British Airways, Ryanair, Leonardo, Marshalls and Cranfield University.

Reabold Resources (RBD) 1.27p £48m

Reabold Resources, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, notes the announcement made by ADX Energy Ltd  today, regarding an update on the drilling of the Iecea Mica-1 appraisal well, located within the Parta license, onshore Romania. Drilling has been completed safely and hydrocarbons have been discovered in multiple zones.

Reabold holds a 37 per cent. equity interest in Danube Petroleum, which has 100% working interest in the sole risk area within the Parta licence that includes IM-1, as well as 50 per cent. of the remainder of the Parta licence. ADX is the operator of the well.

Successful discovery in both the primary target and additional zones, with volumes substantially exceeding pre-drill estimates

Operator volumetrics increased across IM-1 intervals to 20 Bcf of Contingent Resources from 6.1 Bcf of Contingent and 12.7 Bcf Prospective Resources

IM-1 well now being prepared for production testing.

United Oil & Gas (UOG) 4.05p £14m

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, confirms that further to the announcement of 5 June 2019, it has accepted the formal offer from the Oil and Gas Authority, the UK oil and gas regulator, of a 100% interest in Blocks 14/15c, 15/11c, 15/12a, and 15/13c (Licence P2480), with the licence term beginning 15 July 2019. The four highly prospective blocks in the Central North Sea cover an area of c. 500 sq km, and include the Zeta prospect, which United estimates could contain over 90 million barrels of in-place oil. The Blocks, which lie 10km from United’s Crown Discovery, are close to the Marigold and Yeoman discoveries and the substantial Piper, MacCulloch and Claymore oil fields.

Award of Blocks 14/15c, 15/11c, 15/12a, and 15/13c (Licence P2480) to United in UK 31st Licensing Round on a 100% basis

Award in line with United’s European-area strategy to identify and acquire low-risk assets that offer investors near term value trigger opportunities and significant value upside.

SIMEC Atlantis Energy (SAE) 10.25p £44m

SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, has announced ambitions for a tidal-powered data centre in the Caithness region of Scotland. The power supply for such a data centre would include electricity supplied via a private wire network from tidal turbines at the existing MeyGen project site.

This would be the first ocean powered data centre in the world, with the potential to attract a hyperscale data centre occupier to Scotland. It is expected that the data centre would be connected to multiple international subsea fibre optic cables, offering a fast and reliable connection to London, Europe and the USA. Further connectivity to the central belt using domestic terrestrial networks could significantly improve Scottish data and connectivity resilience.

SimiGon Limited (SIM) 9p £4.5m

SimiGon, Ltd., a global leader in modelling, simulation & training solutions, is announced that its independently operated US subsidiary, SimiGon Inc., has been awarded a United States Air Force contract to provide SIMbox-based F-15E Mixed Reality training devices for USAF Air Combat Command.

The Contract represents further growth in the Company’s MR business portfolio and compliments the strategic path to provide advanced Virtual, Mixed and Augmented training technologies to the USAF and wider Government and Civilian markets. The Contract demonstrates SimiGon’s market penetration into a new, larger customer base, the ACC, the primary supplier of US air combat forces.

Petro Matad (MATD) 8.5p £50.5m

Petro Matad Limited the AIM quoted Mongolian oil explorer, provides the following update on the Heron-1 well in Block XX, eastern Mongolia.

Heron-1 has been drilled to a total depth of 2960 metres with the top Lower Tsagaantsav reservoir, the primary target for the well, encountered at 2803 metres, 5 metres shallower than the pre-drill prognosis. The formation drilled from 2803 to 2880 metres was predominantly sandstone interbedded with shales and siltstones. Oil and gas shows were recorded over this interval and on the basis of the drilling data, the gross reservoir interval in Heron-1 appears to be very similar to the productive reservoirs found in oil wells immediately to the north in Block XIX.

Cerillion (CER) 171p £47m

Cerillion, the billing, charging and customer relationship management software solutions provider, announced a major new contract win worth £3.7m with a telecoms provider in Asia. This latest win, which follows two previously announced wins both reported in June, supports the Company’s existing market forecasts for the current and upcoming financial year.

This initial contract is for the supply and installation of Cerillion’s Enterprise BSS/OSS* Suite, the Company’s pre-integrated end-to-end CRM and billing solution, to support mobile telecoms services, and was awarded after an extensive competitive tender process.  This initial phase is expected to be delivered by the end of November 2019, with the contract then likely to be extended to enable the new solution to support fixed-wire services.

Mosman Oil & Gas (MSMN) 0.3p £2.66m

Mosman Oil and Gas Limited the oil exploration, development and production company, advises that the Stanley-3 well in Texas has been completed.

Mosman has been advised that a six foot interval within the 4,800 Sand was perforated during well completion operations. During flow testing, the stabilised rate from this interval was 192 BOPD on an 8/64″ choke. The recovered fluid is 100% oil.

The optimal production rate for this reservoir will be determined by the Operator in due course.

Mosman has a 14.85% working interest in this well.

Mercantile Ports&Log (MPL) 1.6p £27.15m

MPL, which is developing a modern port and logistics facility in Navi Mumbai, Maharashtra, India, announced that its wholly owned subsidiary, Karanja Terminal and Logistics Private Limited  has signed a binding contract with Tata Projects part of Tata Group, which is one of India’s oldest and largest global conglomerates, and its joint venture partner Daewoo Engineering and Construction. The Contract is expected to translate into revenue in excess of GBP 5.5 million over a 40-month period starting April 2020. There are provisions in the contract for an extension of an additional 18 months.

Head Chef:

Derren Nathan
0203 764 2344
derren.nathan@hybridan.com

*A corporate client of Hybridan LLP

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